Startup

Revolut

Revolut is a British fintech company offering a “super-app” for digital banking and financial services. Launched in 2015 by founders Nik Storonsky (a former Credit Suisse trader from Russia) and Vlad Yatsenko (Ukrainian developer), Revolut began as a multicurrency travel card allowing users to spend and transfer money globally with minimal fees. It quickly evolved into a full-featured neobank. As of 2025, Revolut operates in 48+ countries and has 65 million customers worldwide, making it one of the fastest-growing fintechs ever. The app provides a suite of services: GBP and EUR bank accounts, debit cards, currency exchange for 30+ currencies at interbank rates, stock and crypto trading, person-to-person payments, bill splitting, and more. Revolut’s growth has been astonishing – it surpassed £3.1 billion in annual revenue in 2024 with £1.1 billion operating profit. The company has raised over $1.7 billion from investors like SoftBank, Tiger Global, and TCV, reaching a private valuation of $33 billion in 2021. In late 2025, a secondary share sale reportedly valued Revolut at $75 billion, vaulting it among the world’s most valuable fintechs. Revolut’s journey has not been without challenges: it faced regulatory hurdles (e.g. its UK banking license was long-delayed), compliance scrutiny, and had to strengthen its governance as it scaled. Nonetheless, the company achieved profitability in 2021 and has continued to grow its user base across Europe, North America, and Asia. Revolut’s mission is to become a “global financial super-app”, consolidating banking, investing, insurance, and payments in one place. It has introduced products like “Revolut Junior” accounts for kids, pay-later services, and expanded into credit in select markets. With over 10,000 employees worldwide, Revolut is now a regulated bank in the EU and other jurisdictions. Its story from scrappy travel card startup to a $75B-valued fintech giant with 65 million users epitomizes Europe’s fintech rise and the potential of challenger banks to rewrite banking norms.

United KingdomLondonLate StageFintechConsumer

Details

Location

London, United Kingdom

Category

Startup

Stage

Late Stage

Profile

/united-kingdom/startup/revolut

Investors

Venture capital firms backing this startup

Index Ventures

London, United Kingdom · Venture Capital

Index Ventures is a globally renowned venture capital firm that originated in Europe and has been instrumental in scaling many of the continent’s top tech companies. Founded in Geneva in 1996 by the Daly brothers and Neil Rimer, Index later opened major offices in London and San Francisco, making it a transatlantic VC powerhouse. Index invests at all stages (seed to growth), though it is especially prominent in Series A/B in Europe. The firm has an extraordinary track record: it was an early backer of Skype (sold to eBay), Last.fm (sold to CBS), Supercell (acquired by Tencent), and MySQL (acquired by Sun) in the 2000s, and more recently of Deliveroo, Adyen, Figma, Revolut, Robinhood and Notion – to name a few. Index’s portfolio spans consumer and enterprise: it has seeded fashion marketplaces like ASOS and Farfetch, scaled up fintech stars like TransferWise (Wise) and Robinhood, and supported open-source and SaaS successes (Elastic, Confluent, Collibra). The firm manages multiple funds (it raised a $3B+ set of funds in 2022) and often co-invests across its early and growth funds to support companies long-term. Index is particularly known for its knack in consumer-facing startups and its ability to spot trends early (e.g., it led Patreon’s Series A in the creator economy space, and Discord’s seed in gaming communication). Partners at Index are a cosmopolitan bunch – with backgrounds ranging from gaming entrepreneurs to investment bankers – and they bring a strong network in both Silicon Valley and Europe. Uniquely, Index also has a life sciences arm (Index Life) that invested in companies like Moderna. In Europe, Index has been among the top three most active VCs by number of unicorns backed. For example, Index led Deliveroo’s Series B in 2014 and remained a major shareholder through its 2021 IPO. Similarly, Index was pivotal in Adyen’s growth (now a ~$50B payments giant). Culturally, Index is known for being founder-friendly and global in outlook – encouraging its European portfolio to expand to the US when needed and vice versa. It also frequently publishes insightful content (e.g., Bernard Dallé’s guides on SaaS metrics or interviews with founders). As of 2025, Index Ventures stands as a gold-standard VC, with a portfolio boasting dozens of IPOs and acquisitions, and a current crop of rising stars across continents.

Venture CapitalSeed to GrowthGeneralistTechnology

Seedcamp

London, United Kingdom · Venture Capital

European seed fund partnering with breakout founders at the earliest stages.

Venture CapitalPre-Seed to SeedGeneralistTechnology

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